China's September Manufacturing PMI Exceeds 50 for First Time in 6 Months... "Economic Expansion Phase"

Up 5 Points from Last Month to 50.2
Non-Manufacturing PMI Also Hits 51.7, Highest in 3 Months

China's manufacturing Purchasing Managers' Index (PMI) for September surpassed 50 for the first time in six months, indicating an entry into an economic expansion phase.

Image source=Reuters Yonhap News

According to the National Bureau of Statistics of China on the 30th, China's manufacturing PMI for September was 50.2, up 0.5 points from the previous month. The PMI, based on surveys of purchasing managers in companies, is an indicator showing economic trends in the related sector. A value above 50 indicates economic expansion, while below 50 indicates contraction.

Previously, China's manufacturing PMI recorded 49.2 in April, followed by 48.8 (May), 49 (June), 49.3 (July), and 49.7 (last month), failing to exceed 50 for five consecutive months.

By company size, the PMI for large enterprises and small enterprises rose by 0.8 points and 0.3 points from the previous month to 51.6 and 48.0, respectively. Medium-sized enterprises remained unchanged at 49.6 compared to the previous month.

Meanwhile, the National Bureau of Statistics stated that the non-manufacturing PMI, which reflects the service sector and others, also maintained an expansion trend at 51.7 in September. The non-manufacturing PMI rose 0.7 points from the previous month, breaking away from a prolonged downward phase and reaching its highest level in three months.

This content was produced with the assistance of AI translation services.